Rail Vikas Nigam Limited (RVNL) shares were trading 3.5% above on 20 October after the company announced receiving orders from Western Railways worth Rs 419 crore.

The company’s joint venture (JV) with MPCC has received a LoA (Letter of Acceptance) for engineering works and supply of 50 mm machines crushed ballast, and they also have to complete the track works that include linking of track works in connection with gauge conversion work between Nadiad and Petlad of the Vadodara Division on Western Railway. The order is for a total consideration of Rs 245 crore and has to be completed in 24 months.

The company has also received a similar order from Western Railways for the Petlad-Bhadran stretch, which is 22.5 kilometres long in the Vadodara division. The said order is for a total consideration of Rs 174 crore and has to be executed within 24 months.

The central government company has bagged a string of orders this month.

On 11 October, the company emerged as the lowest bidder for a Rs 28.73 crore project of Northeast Frontier Railway for the supply, installation, testing, and commissioning of an integrated tunnel communication system on the Sukhovi-Pherima section of the Lumding Division.

The company has also received a LoA from the Maharashtra Metro Rail Corporation Limited for the construction and design of an elevated metro viaduct for a total consideration of Rs 394.89 crore.

At 10:30 am, the shares of RVNL were trading 1.59% above at Rs 169.40 on NSE.